Nfts
Rare CryptoPunk NFT sells for US$16 million, signaling market recovery
CryptoPunk #3100, one of the rare “Alien Punks”, was sold for 4,500 ETH, worth approximately US$16.5 million, marking the second largest transaction for a CryptoPunk in US dollars and ether.
The sale, which took place on March 4, exceeded the previous bid of 4,250 ETH made on March 1.
The CryptoPunks collection, originally created in 2017 by Larva Labs and later acquired by Yuga Labs, is one of the most popular NFT collections today. CryptoPunk #3100 was originally purchased for over US$2,000 in 2017.
The NFT sector is showing signs of resilience and recovery, despite a slowdown in 2022.
Institutions are also showing interest, with platforms like SegMint introducing secure NFT custody solutions. The market recovery is also evidenced by increased attention to Bitcoin NFTs, which have overtaken Ethereum in weekly sales volume thanks to protocols such as Ordinals that allow files to be embedded in the smallest units of Bitcoin , the satoshis.
The Bitcoin blockchain generated more than $182 million in NFT sales over the past seven days, while Ethereum saw just over $180 million, according to CryptoSlam data.